New revenue cycle service optimized for MIPS, value-based models
Value-based speciality care technology provider Integra Connect has debuted a revenue cycle management service optimized for for speciality practices operating under both fee-for-service and value-based payment models.
The initial focus of the service is large urology and oncology practices, who see a larger percentage of Medicare recipients than other physicians. They face significant disruption this year as the Centers for Medicare and Medicaid Services pursues its goal of converting reimbursement to the Merit-Based Incentive Payment System, with half of all payments in alternative payment models by 2018.
The new cloud-based RCM service is designed to maximize revenue through the transition to value-based reimbursement. It does so by bolstering its payment and denial management capabilities with MIPS measurement, APM quality measurement, analysis and contract oversight.
The service includes real-time analytics, decision support and performance measurement capabilities, as well as a team dedicated to managing a practice’s revenue, from claim submission to collections.
“The rise of value-based care is quickly transforming our practice’s revenue cycle,” said Dr. Mitchell B. Hollander, co-president of the Michigan Institute of Urology, in a statement. “As we embrace alternative payment models, revenue cycle management has had to take on a much more strategic role to ensure that we accurately project revenue across fee-for-service and fee-for-value activities alike.”